Search Results for: US economy
Consumers replace cash with credit cards
July 25th, 2014
Visa reports 5% increase in third quarter revenue to $3.16 billion over the prior -year period. Company’s Net income came in at $1.4 billion that resulted in a per-share profit of $2.17, $0.07 higher the analyst consensus. Visa CEO ...
IMF Cuts Global Forecast for 2014
July 25th, 2014
The International Monetary Fund lowered its outlook for global growth this year as expansions weaken from China to the U.S. and military conflicts raise the risk of a surge in oil prices. The world economy will advance 3.4 percent ...
Spanish jobless rate below 25% for the first time in two years
July 24th, 2014
The unemployment rate in Spain has fallen below 25% for the first time in two years, thanks to the beginning of a revival in the economy. An extra 402,000 people started work in the second quarter of the year, ...
Eurozone Growth Rebounds in July
July 24th, 2014
The eurozone economy continues its slow recovery, but worries about the Ukraine crisis have begun to cloud the outlook, according to the results of a private-sector survey released on Thursday. After slowing in June, eurozone economic growth rebounded in ...
China Shares Roll after PMI Data
July 24th, 2014
Chinese stocks rose, sending the benchmark index to a three-month high, as a jump in the nation’s manufacturing gauge spurred optimism the government will meet its economic-growth target for this year. Industrial Bank Co. (601166) and Poly Real Estate ...
U.S. Stocks Rise as Apple Rallies With Health-Care Shares
July 23rd, 2014
U.S. stocks roes, with the Standard & Poor’s 500 Index at an all-time high, as Apple Inc. results boosted technology companies and health-care shares rallied amid earnings. Apple surged to the highest since 2012 after signaling the long wait ...
Stock futures tick up on earnings, world conflicts eyed
July 23rd, 2014
U.S. stock index futures edged up on Wednesday, boosted by bullish earnings from companies like Microsoft and Boeing, though conflicts in Ukraine and the Gaza Strip weighed on investor confidence. Microsoft (MSFT.O) shares rose 2.4 percent in premarket trading ...
IronFX announces new landmark global office in South Africa
July 23rd, 2014
IronFX Global has announced the opening of a new landmark global office in the Republic of South Africa, which is fully licensed by the Financial Services Board (FSB) as a Financial Services Provider (FSP). IronFX Global (South Africa) Pty ...
Cypriot firm launches legal action against EU over ‘bail-in’
July 23rd, 2014
Cypriot firm Dr K Chrysostomides & Co has filed a lawsuit against the EU on behalf of 51 claimants seeking compensation for losses suffered when Cyprus agreed to a ‘bail-in’ on two Cypriot banks. The case, filed before the ...
Bank of England unease grows despite keeping rates at 0.5%
July 23rd, 2014
Bank of England policymakers are growing increasingly uneasy at leaving interest rates at a record low of 0.5%, minutes of their latest meeting revealed. The public record of the July meeting of the Bank’s monetary policy committee (MPC) showed ...
